Published on 5/22/2023 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $940,000 leveraged index-linked notes on S&P 500
Chicago, May 22 – GS Finance Corp. priced $940,000 of 0% leveraged index-linked notes due July 1, 2027 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 111.5% of the index return.
The payout will be par if the index declines but not more than 25%.
Investors will be fully exposed to any decline of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Leveraged index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $940,000
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Maturity: | July 1, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 111.5% of the index return; par if index declines but not beyond barrier; otherwise, full exposure to losses
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Initial index level: | 3,900.11
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Barrier level: | 75% of initial level
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Pricing date: | June 27, 2022
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Settlement date: | June 30, 2022
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.6%
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Cusip: | 40057MCL1
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